Petition · past parliament · HM Treasury
Increase the LISA £450,000 first time buyer price cap in line with house prices.
Closed
98 signatures
What the petition asks
Increase the price cap of £450,000 for first time buyers hoping to take advantage of using their LISA contributions towards their first home. The price cap (Set in 2015) has been frozen since its introduction and should be increased in line with the increase in house prices we've seen since then.
Its becoming harder and harder for first time buyer to get on the property ladder in the UK, made even harder by inflation, cost of living crises, fuel poverty and the fear of recession. UK house prices have increased by at least 23% since the LISA product was launched. The £450k limit has remained unchanged for the last 7 years while potential first time buyers saved for their first home through an LISA. A useful tool with increasingly unrealistic restrictions. This cap should be nearer £560,000.
Timeline
| 7 Sep 2022 | Petition opened for signatures |
| 21 Mar 2023 | Closed to new signatures |
Key facts
Signatures
98
Status
Closed
Department
HM Treasury
Opened
7 Sep 2022
Closed
21 Mar 2023
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Source: the official petition page. Last checked 15 Jul 2026.